Mutual fund equity buying in October lowest in six months at ₹17,778 cr

Equity deployment by mutual funds drops sharply as inflows moderate and fund managers turn cautious amid rising valuations and profit booking

Equity market deployment by mutual funds (MFs) fell to a six-month low in October, indicating a slowdown in fresh inflows into equity MF schemes as the market recovers. 

MFs deployed a net ₹17,778 crore in equities last month (as on October 30), compared with ₹46,442 crore in September and ₹70,534 crore in August, according to data from the Securities and Exchange Board of India (Sebi). 

Experts attributed the decline in equity deployment to profit booking and rising valuation concerns, with stock prices nearing record highs. 

“The net inflows into MF schemes may also have been lower last month, with investors